Shandong Maitao Technology Co., Ltd. cancelled the acquisition of Shenzhen Fortunta Technology Co. Ltd. from Shenzhen Fenda Technology Co., Ltd..
November 21, 2022
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Shandong Maitao Technology Co., Ltd. agreed to acquire Shenzhen Fortunta Technology Co. Ltd. from Shenzhen Fenda Technology Co., Ltd. (SZSE:002681) for approximately CNY 500 million on December 28, 2021. As of January 1, 2022, Shenzhen Fenda Technology has received the first payment of CNY 256,020,000. The deal is subject to approval from third party and Shenzhen Fenda Technology Co., Ltd. Board. As of December 28, 2022 Shenzhen Fenda Technology Co., Ltd. board approved the deal. Third party approval has been received.
Shandong Maitao Technology Co., Ltd. cancelled the acquisition of Shenzhen Fortunta Technology Co. Ltd. from Shenzhen Fenda Technology Co., Ltd. (SZSE:002681) on November 22, 2022. The board of Shenzhen Fenda Technology has approved the propose termination of transaction on November 22, 2022.
Shenzhen Fenda Technology Co.,Ltd is a China-based company principally engaged in the research, development, design, manufacture and distribution of electronic products and related core components. The Company's main products include electro-acoustic products, health appliances, smart wearable equipment and metal exterior parts of mobile smart terminals, among others. The Company distributes its products in domestic market and to overseas markets, including the Americas, Europe, Asia and others.